Establishing exclusive groupings or engaging in geopolitical calculations are not conducive to technological development and progress of the Global South, which includes Latin American and Caribbean nations, Chinese Foreign Ministry spokesman Guo Jiakun said in Beijing on Thursday.
Guo made the remarks at a regular press briefing when asked to comment on a U.S. project to build an AI supply chain credentialing and provenance platform in Panama. Some media commentaries suggested that the project in essence serves the U.S.'s control of tech industrial supply chains and tech blockade of China.
"Artificial intelligence bears on the common wellbeing of all humanity. All parties should uphold the principles of openness, inclusiveness, benefit for all and orientation toward good. Setting up closed and exclusive blocs and engaging in geopolitical calculation are not conducive to technological development and progress in the Global South, including Latin American and Caribbean countries," he said.
China stands ready to work with Latin American and Caribbean countries and other parties to build a just and reasonable global AI governance system and bring the benefits of AI to people of all countries," the spokesman said.
Exclusive groupings hurt tech development: spokesman
Long-term institutional funds' holdings of China A-share market value have risen 12.5 percent since the end of last year, signaling growing investor confidence in the country's capital market, said an official at a press conference in Beijing on Thursday.
Li Chao, vice chairman of China Securities Regulatory Commission (CSRC), revealed that since the start of this year, social security funds, pensions, insurance, and other long-term sources have made net purchases of A-shares exceeding 600 billion yuan (about 88.5 billion U.S. dollars).
Li said that investment and financing are the two fundamental functions of the capital market, while the market's role is not limited to these, they are certainly among its most important features. The two functions are complementary and mutually reinforcing, he said.
Li emphasized that in recent years, the CSRC has continuously improved the inclusiveness and adaptability of regulations, vigorously promoting the entry of long-term capital and steadily deepening comprehensive capital market reform.
He noted that the capital market is undergoing increasingly profound structural changes, the momentum of coordinated development in investment and financing is forming more rapidly, and the quality and effectiveness of service to the real economy are constantly improving.
A-share long-term funds up 12.5 pct: official
